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Debts

Africa still sees China as best bet for financing

1 month, 15 days ago
BEIJING: A wave of African nations looking to restructure debt with China on the eve of a major Beijing summit provides a reality check for the continent, where most countries still view Chinese lending as the best bet to develop their…

Each Pakistani indebted of Rs. 0.115 mln

1 year, 7 months ago
ISLAMABAD: Each Pakistani citizen owes Rs. 115,000 loan, the central bank disclosed in its recently released figures. According to the statistics released by the State Bank of Pakistan (SBP), the volume of the loans borrowed by the…

EU banks at risk from bad loans, low profit: regulator

1 year, 10 months ago
LONDON: The greatest risks facing European Union banks are high levels of bad loans and lower profitability, the bloc's financial regulator said in a report Friday. The European Banking Authority said that while EU-wide lenders had…

Fazl says ‘Panama leaks not our issue’

2 years, 6 months ago
PESHAWAR: Jamiat Ulema Islam-Fazl (JUI-F) Maulana Fazlur Rahman today said that 'Panama leaks is not our issue' and the commission should be allowed to investigate facts in its wake, ARY News reported.

Shah sees govt’s malafide intent in PIA privatization

2 years, 8 months ago
ISLAMABAD: Opposition Leader in the National Assembly, Khursheed Shah today said that privatization of Pakistan International Airlines (PIA) shows malafide intention of the government despite assurance by the prime minister, ARY News…

Arcade Fire rocker rallies for Greece in new song

3 years, 7 months ago
NEW YORK: As Greece's new government fights to turn the page on harsh austerity measures, it's receiving support from an unexpected source -- Will Butler of indie rock band Arcade Fire.